Symetra Life Insurance Company vs F&G (Fidelity & Guaranty Life)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Symetra Life Insurance Company
Founded: 1957
Bellevue, Washington
Assets
$58+ billion
IUL Experience
10+ years
Products
3
Avg Cap Rate
9.5%
Key Strengths
May 2023: higher caps, participation rates, bonuses; lower premiums
Fastest approvals: 18-25 minutes
Cancer Care Compass Rider (multi-cancer detection)
2% lookback guarantee (Accumulator)
GoodLife rewards for healthy lifestyle
F&G (Fidelity & Guaranty Life)
Founded: 1959
Des Moines, Iowa
Assets
$40 billion
IUL Experience
10+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
LIMRA Q2 2024: Top IUL provider ranking
Competitive historical performance
Quick policy delivery
Juvenile IUL specialty (15 days to 17 years)
Living benefits: accelerated death benefits
Detailed Feature Comparison
| Feature | Symetra Life Insurance Company | F&G (Fidelity & Guaranty Life) |
|---|---|---|
| Founded | 1957 | 1959 |
| Headquarters | Bellevue, Washington | Des Moines, Iowa |
| Assets Under Management | $58+ billion | $40 billion |
| Years in IUL Business | 10+ years | 10+ years |
| Number of IUL Products | 3 | 2 |
| Typical Cap Rate Range | 8% - 11% | 8% - 11% |
| Participation Rates | 140% | 115% |
| Minimum Premium | $3,600 annual | $3,600 annual |
| Issue Ages | 20-85 (Accumulator/Protector); 20-60 (SwiftProtector) | 15 days to 85 years |
| Underwriting Speed | SwiftProtector 18-25 minutes; SwiftTerm 18 minutes | Some immediate delivery or within 24 hours |